This means you can specify what percentage of incoming payments should go into your default settlement account and what percentage of payments should also go into the sub-account you’ve created. You can create sub-accounts by integrating with the Monnify Create Sub-Account Endpoint

You can do the following to a sub-account once it has been created:

1. Delete a Sub-Account Endpoint you no longer need
2. Get the Sub-Accounts created
3. Update the details of a Sub-Account.

Attaching Subaccounts to other payment API

To attach a subaccount to a payment request, simply append the incomeSplitConfig object to the request parameter as shown below;

json

"incomeSplitConfig": [
        {
            "subAccountCode": {{SubaccountCode}},
            "feePercentage": {{fee in percent}},
            "splitPercentage": {{split in percent}},
            "feeBearer": {{true or false}}
        }
    ]

You can see sample usage example on the Reserved Account API section. .

Creating a Sub Account on Monnify UI

Please send an email to [email protected] to have the Sub Account UI enabled for you. Once enabled, you will see the Sub Account Tab under your Collections menu.

To Create a Sub Account, click on Create New and fill in the necessary details